Emefiele expresses concern about poor crude production.
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has called for a collaborative effort to increase crude…
Category: Local
The CBN disburses N173 billion under the 100-for-100 program.
Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients under its 100-for-100…
NGX: Total FGN Savings Bond Allotments Increase to N5.06bn in Five Months.
According to the Nigerian Exchange Limited (NGX), total allotments for FGN Savings Bonds increased to N5.06 billion in the first…
Buhari seeks Senate approval to pay $556 million, £98 million, and N226 billion in judgment debts.
The judgment debts were resolved by the issuance of promissory notes, which will subsequently be evaluated over time for conviction…
NIN and debit card integration approved by the FG.
Nigerians can now request that their commercial banks issue them a debit card that also serves as their National Identity…
Nigeria: NNPCL to Boost Oil Reserves As Fresh Drilling Begins in Borno.
The Nigerian National Petroleum Company Ltd has resumed an oil drilling program in Wadi-B in Borno State’s Jere Local Government…
Sirika inaugurates a N2 billion enhanced GAT at Lagos International Airport.
Senator Hadi Sirika, Minister of Aviation and Aerospace, launched the first phase of the N2.2 billion General Aviation Terminal extension…
CBN’s external reserves have fallen by $1.5 billion in four months.
According to information received from the Central Bank of Nigeria, the country’s external reserves declined by $1.5 billion in four…
The CBN cancels the licenses of 179 microfinance banks and others.
The Central Bank of Nigeria has cancelled the licenses of 179 microfinance banks, four primary mortgage banks, and three financing…
Buhari begins oil drilling in the Chad Basin.
The oil drilling campaign in Wadi-B potential, Chad Basin, Tuba Community, Jere Local Government Area, Borno State, was launched by…
According to a report, forex turnover has dropped by 47%.
In April, the foreign exchange turnover of Naira against the US dollar in the Investors & Exporters market fell by…
Senate’s approval of N22.7tn loan may increase bond rates.
Capital market specialists have warned that the securitization of the Senate’s N22.7 trillion Ways and Means advances to the Federal…
The acquisition of a South African tech company is being driven by Infinite Partners.
A group of private equity investors led by independent private equity fund manager Infinite Partners have agreed to buy e4,…
Nigeria receives 30% of all FDI in Africa, according to NITDA.
Nearly 30% of Africa’s foreign direct investment, according to Kashifu Inuwa, Director General of the National Information Technology Development Agency,…
Dangote refinery gasoline launches on the market in July, helping FG save N7 trillion.
With the start of operations at the Dangote Refinery and Petrochemicals, the Federal Government might save nearly N35tn in fiscal…
Nigeria has not missed payments on Chinese loans, according to DMO.
Nigeria has not defaulted on repaying its Chinese loans, contrary to what a non-governmental organization, Socio-Economic Rights and Accountability, said.…
The CBN prohibits the mint corporation from printing checks.
According to a recent circular, the Central Bank of Nigeria has authorized four indigenous businesses to issue checks in the…
The World Bank will increase FG’s access to a $750 million loan.
The Federal Government, on behalf of the 36 state governments and the Federal Capital Territory, is about to receive a…
FG introduces a tribunal for advertising offenses.
The Advertising Offences Tribunal was established by the Federal Government to address violations of the Advertising Regulatory Council of Nigeria…
Concessionaire would contribute N5.3 billion to eCRVS, claims FG.
The concessionaire, Messrs Barnksforte Technologies Limited, has informed the Infrastructure Concession Regulatory Commission (ICRC) that N5.3 billion in private funds…
According the CBN, bank assets have increased to N78 trillion.
By the end of February 2023, the total assets of the Nigerian banking sector had increased by 25.12% over the…
Net FX inflow fell to $72 billion in 2022, according to CBN.
The Central Bank of Nigeria (CBN) reported that the country’s net total foreign exchange (FX) inflow closed at $72.4 billion…
Cane Integrated Investment Ltd Partners with NYSC on Investment Literacy and Financial Planning.
The investment and financial advisory firm, Cane Integrated Investment Limited on Wednesday, May 10, 2023 visited the NYSC Lagos State…
USSD debts: Telcos may charge customers for bank transfers.
Banks and telcos have been at odds over N120 billion in USSD debts, which the former has refused to pay…
The weakened naira is increasing Nigeria’s governmental debt, according to the IMF.
According to the International Monetary Fund, weaker currencies in Nigeria and other Sub-Saharan African countries are increasing state indebtedness. Sub-Saharan…
Tinubu is advised by the FG to strengthen anti-corruption authorities.
The Federal Government recommended President-elect Bola Tinubu’s incoming administration to boost anti-corruption and reform-minded institutions in order to successfully contribute…
Policy inconsistency and economic issues influencing food security – FG.
The Federal Government declared that policy inconsistency, insecurity, economic uncertainty, and rising oil costs, among other things, were threatening Nigerian…
May 29 – IGP Issues Warning Against Attempt to Cancel Inauguration.
Ahead of the inauguration of the President of the Federal Republic of Nigeria and other elected government officials around the…
The United States imposes a visa ban on Nigerians who disrupted the 2023 elections.
The United States declared that it had taken efforts to enforce visa bans on individuals who interrupted Nigeria’s recent general…
The Federal Government spends N13 trillion on subsidies and establishes removal standards.
The Federal Government said it was working on a thorough roadmap for Bola Tinubu’s upcoming administration on how to handle…